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Greek govt says disagrees with new debt proposals, talks to continue

Greek negotiators "do not agree" with their creditors` latest proposals for a deal to prevent Athens from defaulting on its massive debts, a Greek government source said Wednesday, but added that talks were continuing.

Eurogroup talks on Greece halted until Thursday: Finland

Eurozone finance ministers suspended a crunch meeting aimed at reaching a Greek debt deal on Wednesday, with talks to resume the next day, Finnish Finance Minister Alexander Stubb said.

Greece, creditors consult before make-or-break meeting

Greek and EU officials met for talks Saturday ahead of a high-stakes show-down over Athens` demands for a radical restructuring of its massive international bailout programme.

EU finance ministers under pressure on next step in bank regulation

The 28 are trying to reconcile deep differences over a Single Resolution Mechanism (SRM) meant to stabilise, and if necessary, close a failing bank before it does too much damage.

EU faces tough talks on bank sector reform, bailouts

Eurozone finance ministers meet Thursday amid sharp differences over banking sector reforms -- trying to resolve whether taxpayers or creditors pay for future bailouts.

Europe must be sensitive to Greek people: French Minister

Europe must be more "sensitive" to the Greek people and take steps to help revive the country's economy, according to French Finance Minister Pierre Moscovici.

G7 to hold emergency talks on eurozone crisis today

Finance ministers and central bank chiefs of the world’s seven wealthiest countries will hold an emergency conference call on Tuesday to discuss Europe’s worsening debt crisis.

Eurozone boosts financial buffers to $1.1 trillion

The 17 countries that use the euro have boosted their emergency funding for heavily indebted countries to USD 1.1 trillion an amount that falls short of what the currency union's international partners had said is needed to calm financial markets.

Eurozone finance ministers release 35 billion euro for Greece

Eurozone finance ministers have released 35 billion euro from the second bailout package for debt-ridden Greece shortly after the government in Athens reached a landmark deal with private creditors on a bond swap, which will halve its debts to around 107 billion euros.

Hopes rise for Greek deal, but anger grows in eurozone

Optimism is growing that Greece has finally done enough to secure a second bailout after it set out extra budget savings, but the moves failed to ease tensions with EU paymaster Germany.

Eurozone finance ministers call off meet over Greece bailout

The eurozone finance ministers have called off an emergency meeting in Brussels on Wednesday, which was intended to approve a USD 170 billion financial rescue package for Greece, raising new fears that the debt-laden nation may be heading to a default on its loans.

Nikkei slips below 9,000, Softbank surges

Japan's Nikkei share average edged below 9,000 on Friday as caution prevailed on Greece even after leaders in Athens clinched a long-delayed bailout deal, but eurozone finance ministers urged the country to commit to more reforms.

Greece deal fails to convince, EU demands more

Greek political leaders said they had clinched a deal on economic reforms needed to secure a second EU bailout, but eurozone finance ministers demanded more steps and a parliamentary seal of approval before providing the aid.

Greek minister heads to Brussels with incomplete bailout deal

Greek leaders failed on Thursday to agree on a reform and austerity programme, the price of a financial bailout to avoid a messy default, forcing Finance Minister Evangelos Venizelos to go to the country's financial backers with an incomplete deal.

Eurozone insists no Greek rescue without reforms

Eurozone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the eurozone and the IMF.

Eurogroup warns of a possible Greece default

The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday.

Eurozone ministers reject private bondholders' Greece offer

Eurozone finance ministers on Monday rejected as insufficient an offer made by private bondholders to help restructure Greece's debts, sending negotiators back to the drawing board and raising the threat of Greek default.

Eurozone finance ministers to rule on glacial Greek debt talks

Eurozone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.